2-bedroom flat · NG34 7DW
Listing removedListed 263 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An immaculately presented two double bedroom apartment, ideally located just a stone’s throw from Sleaford town centre and offered for sale with no onward chain.
The property benefits from an allocated parking space and well-maintained accommodation comprising an entrance hall, lounge opening through to the kitchen, two generous double bedrooms, and a shower room.
Further details include an annual management fee of £1,400, payable every six months, and a long lease with 192 years remaining.
An excellent opportunity for convenient town-centre living, and viewing is highly recommended. EPC rating: C. Entrance Hall With part glazed Entrance Door, BT point and electric heater.
Lounge (4.07m x 3.55m (13'4" x 11'8")) With TV point, two windows to rear aspect and electric heater.
Opening to; Kitchen (3.11m x 1.96m (10'2" x 6'5")) With a range of base and eye level units with work surface over, sink with mixer tap and drainer, integrated oven with four ring electric hob and extractor hood over, space and plumbing for washing machine, space for freestanding fridge freezer.
Bedroom One (3.95m x 2.73m (13'0" x 8'11")) With window to front aspect and electric heater. Bedroom Two (4.12m x 2.52m (13'6" x 8'3")) With window to rear aspect and electric heater.
Shower Room Three piece suite comprising mains fed shower, hand wash basin set in vanity unit with cupboards under, low level wc, heated towel rail, window to front aspect and extractor fan.
Outside With one allocated parking space. Leasehold We are informed by our vendor there is currently 192 years to run on the lease.
Management charges are £1400.00 per annum, paid in 6 monthly installments. Agents Note These are draft particulars awaiting vendor approval.
These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract.
The matters referred to in these particulars should be independently verified by prospective buyers or tenants.
Neither Newton Fallowell nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
Financial Services As part of our continued commitment to providing the best advice to all our clients we work closely with Mortgage Advice Bureau & part of our guaranteed commitment to our vendors is to establish the financial position of any offer received on their home.
Whilst we offer free mortgage advice from any stage of the buying or selling process, we operate a mandatory qualification process on all offers prior to submission of any offer to our vendors.
The mortgage advice bureau is regulated by the financial ombudsman and operate on an independent basis within our premises at 27 Southgate, Sleaford, NG34 7SY.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 3, Laundon House, Eastgate, Sleaford
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